Plaintiff the U.S. Securities and Exchange Commission (SEC) and defendants Binance, Binance.US, and co-founder Changpeng ‘CZ’ Zhao submitted a joint status report to the court. The defendants have continued to produce documents and depositions, with a proposed inspection of Binance.US to happen next week.
Binance And US SEC Joint Status Report
The latest joint status report submitted to the court reveals complete cooperation by defendants Binance, Binance.US, and co-founder Changpeng ‘CZ’ Zhao as per the June consent order.
Binance.US informed the court about continuing to meet documents and depositions requests by the SEC. The parties agree to meet and confer, attempting to narrow any disagreements regarding document discovery and depositions before the next status report to the court. The SEC and Binance agree to submit the next status report on January 25, 2024.
The SEC is currently considering an inspection of Binance.US technology infrastructure, systems, and software virt
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